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Investment Highlights

  • Amazing location in a great school district

Executive Summary

Stabilized 4-Home Rental Portfolio | 3.32 Acres | Clover, SC | $43,500 NOI
Fully occupied, recently renovated 4-home rental portfolio generating $48,780 in gross annual rent with verified NOI of approximately $43,500. Located on 3.32 private acres at 1402-1408 Burrell Road, Clover, SC 29710 — 35 minutes from Charlotte in the rapidly growing York County market.
The portfolio consists of one doublewide and three single-wide homes, all renovated and occupied by long-term tenants. Each home is on its own septic system, keeping operating expenses clean and separated by unit. Shared well pump is the only common-area operating expense.

Gross Rent: $4,065/month | $48,780/year
Annual Operating Expenses: ~$5,278
NOI: ~$43,500
Cap Rate at $569,000: 7.65%
Unit Mix:
1402 Burrell Rd — Doublewide | $1,175/mo
1404 Burrell Rd — Single wide | $950/mo
1406 Burrell Rd — Single wide | $865/mo
1408 Burrell Rd — Single wide | $1,075/mo
The property operates as a legally established, non-conforming use under current zoning — no additional homes can be added to the surrounding area under existing regulations, creating a durable supply constraint that supports long-term rent stability.
This is a turnkey, day-one cash flowing asset with no vacancy, no deferred maintenance, and no management contracts. Well suited for a 1031 exchange buyer or portfolio investor seeking stable yield in a Charlotte-adjacent growth market.
Offered at $569,000

Property Facts

Price $778,807 CAD
Price Per Unit $194,702 CAD
Sale Type Investment
Cap Rate 7.70%
Sale Conditions
Bulk/Portfolio Sale
  • Business Value Included
No. Units 4
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Low-Rise
Building Class C
Lot Size 3.32 AC
Building Size 2,870 SF
Average Occupancy 100%
No. Stories 1
Year Built 1993
Parking Ratio 3.48/1,000 SF
Zoning RC-11 - Legal non-conforming use” (grandfathered) mobile homes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 4 - -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 3620000119
  • 3620000121
Land Assessment
$6,197 CAD
Improvements Assessment
$1,305 CAD
Total Assessment
$7,502 CAD
  • Listing ID: 39712795

  • Date on Market: 2026-03-09

  • Last Updated:

  • Address: 1402 Burrell Rd, Clover, SC 29710

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